“Tata Power will lead the way in power sector”

"Many of our initiatives will pan out in the next five years among the B2C businesses, wherein we will be directly interacting with consumers, providing them value-added services which were never heard of in the power sector," shares Praveer Sinha, CEO & MD, Tata Power.

Tata Power in 2019
We have performed well in our key growth areas of renewable generation, transmission and distribution along with new value-added services such as rooftop solar, EV charging, home automation and micro grids in rural areas. We have witnessed a robust performance both in terms of revenue and profitability.

Our standalone revenue for the quarter-end (September 2019) stood at Rs 1,813 crore. PAT stood at Rs 155 crore in Q2 FY19 due to favourable tariff order in Mumbai licensed area in the previous year.

We introduced various future-ready technological deployments for our customers. The QR Code for easy billing was just one of the many technological advancements we made. We also installed electric vehicle charging infrastructure in Mumbai. This reaffirmed our position of being a tech-forward integrated power company. It also underscores our commitment to renewable energy.

Future Roadmap
Tata Power is coming up with various business services and solutions in terms of home automation, EV charging, smart metering and Smart City solutions. This is what will keep us busy in the next few quarters.

Again, this will be a unique area for us. This is because of the company’s understanding of the sector, the way in which convergence of IT and electrical technology has taken place and how digitalisation in power sector can provide better services to the consumers.

Going forward, there are going to be significant transformations in the power sector and I am sure Tata Power will lead the way in the power sector in years to come.

Key Differentiators
Many of our initiatives will pan out in the next five years among the B2C businesses, wherein we will be directly interacting with consumers, providing them value-added services which were never heard of in the power sector.

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